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Group health insurance |
Details
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Group health insurance plans are classified into 2 categories: managed care plans and indemnity plans (also called ' 'fee-for-service'', ''ffc plans'', or '' traditional indemnity'').
Managed care and and indemnity programs differ in their approach. The main biggest difference depends on choice of the provider, how bills are paid and out-of-pocket expenses for covered services. You will probably have various selections of physicians including specialists such as a surgeons or cardiologists. You will have choices of hospitals, doctor’s offices and other medical care providers with an indemnity program while at lower cost and paperwork with a managed care program. Indemnity programs were once popular forms of American health insurance, but they are not as popular now as they were in past. This type of insurance mostly is most common on the east coast. On another hand, the managed care insurance currently takes up a more larger share of the general health insurance market and is most common in the western locations of the U.S. Managed care plans include HMO’s, POS, and PPO plans. Your company is eligible for a group insurance plan, if your company has 2 or more full time owners, employees or officers; your company was formed for a purpose other than to obtain health plans; or your company meets the minimum employer contribution % required by the insurance company. All of these must be verified on the following documents such as articles of organization, articles of incorporation or a business license. You should know that eligibility of having group health insurance can vary by state or among insurance companies. You have to contact your local agent if you have any questions about your business eligibility for a particular small company offer.
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| Category |
Health Insurance
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| Related Searches |
small business health insurance, group health insurance quote plans |
| Date Submitted |
21-Sep-2005
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